Thursday, 16th July 2009
9:17am
OPENING REPORT: Headline shares traded slightly lower on Thursday, despite good gains in the US overnight. Investors were holding steady awaiting quarterly figures due on Wall Street later today from JPMorgan Chase and Google.
At 8.50 the FTSE 100 was slightly down 4.83 points at 4341.63
US & ASIA
In the US last night, the Dow Jones Industrial Average was up 257 points at 8,616, while the S&P 500 added 27 points at 933 and the Nasdaq Composite gained 63 points at 1,863.
Crude oil traded at $61.50 a barrel on Nymex.
LONDON MARKETS
Early blue chip gainers included Schroders, Old Mutual, Wolseley and SABMiller. Those on the negative side of things included Autonomy, Diageo, Drax, Tui Travel and Anglo American.
Strong...
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9:02am
OPENING REPORT: Headline shares started the day flat on Thursday, despite good gains in the US overnight. Investors were holding steady awaiting quarterly figures due on Wall Street later today from JPMorgan Chase and Google.
At 8.50 the FTSE 100 was slightly down 4.83 points at 4341.63
US & ASIA
In the US last night, the Dow Jones Industrial Average was up 257 points at 8,616, while the S&P 500 added 27 points at 933 and the Nasdaq Composite gained 63 points at 1,863.
Crude oil traded at $61.50 a barrel on Nymex.
LONDON MARKETS
Early blue chip gainers included Schroders, Old Mutual, Wolseley and SABMiller. Those on the negative side of things included Autonomy, Diageo, Drax, Tui Travel and Anglo American.
...
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8:32am
Oil & gas services provider Petrofac has been awarded a $2.1bn integrated gas development contract in Abu Dhabi.
Is 50%-owned joint enture, Petrofac Emirates, in partnership with GS E&C, has received a letter of award from GASCO for a contract with a value to Petrofac of around $1bn.
The 48-month lump-sum contract, which is due to start in August, is for the construction of the 4th NGL train at the Ruwais complex in Abu Dhabi.
This is the first project to be awarded to Petrofac Emirates, a JV with Mubadala Petroleum Services established in November last year.
Story provided by Business Financial Newswire
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8:32am
Biopharmaceutical company Shire has received Fast Track designation from the US FDA for its enzyme replacement therapy velaglucerase alfa.
The therapy is being developed for the treatment of Type I Gaucher disease. Shire says it is working with the FDA to determine subsequent steps and timing for the filing of its new drug application.
Story provided by Business Financial Newswire
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8:32am
Instrumentation and controls group Spectris says sales are down 20% in the first half on a constant currency basis.
It expects an interim operating profit of around £20m, a 57% drop compared with the 2008 figure of £46.4m.
Restructuring charges, including post-acquisition integration charges, will be around £7m in the first half, with at least a further £3m estimated for the second half.
On a reported basis, sales for the six months to end June are expected to be up 4%, including a 7% contribution from acquisitions and beneficial effects from currency of 17%.
The group says, 'Demand across business segments and major geographical regions continued to be weak, particularly in the automotive and mining sectors.
'However, research and environment-related areas showed greater resilience.
'Despite market conditions, gross margins...
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